Gross fixed capital formation in OECD members
OECD members: Gross fixed capital formation was 1.0% in 2024. ◆ Volatile
Gross fixed capital formation in OECD members, 1971–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
The most recent figure for gross fixed capital formation in OECD members is 1.0%, measured in 2024.
The figure is down 64.6% on the previous year and down 75.0% over ten years.
Over the whole period, gross fixed capital formation in OECD members peaked at 7.3% in 1972 and was at its lowest, -10.6%, in 2009.
That places OECD members 26th out of 31 groups with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in OECD members, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1971 | 4.9% | — |
| 1972 | 7.3% | +47.5% |
| 1973 | 7.2% | -1.2% |
| 1974 | -3.2% | -144.5% |
| 1975 | -3.7% | +16.2% |
| 1976 | 3.8% | -202.1% |
| 1977 | 4.4% | +14.7% |
| 1978 | 6.3% | +44.1% |
| 1979 | 5.4% | -14.6% |
| 1980 | 0.2% | -96.5% |
| 1981 | 0.6% | +230.8% |
| 1982 | -2.9% | -564.3% |
| 1983 | 1.6% | -153.7% |
| 1984 | 6.5% | +314.0% |
| 1985 | 5.1% | -21.2% |
| 1986 | 4.0% | -20.6% |
| 1987 | 5.0% | +23.8% |
| 1988 | 7.3% | +44.7% |
| 1989 | 5.7% | -21.2% |
| 1990 | 3.7% | -36.0% |
| 1991 | -0.3% | -108.9% |
| 1992 | 0.6% | -299.5% |
| 1993 | -0.8% | -222.3% |
| 1994 | 3.7% | -560.4% |
| 1995 | 3.3% | -9.4% |
| 1996 | 5.7% | +71.7% |
| 1997 | 4.1% | -28.1% |
| 1998 | 3.8% | -6.0% |
| 1999 | 4.8% | +23.6% |
| 2000 | 5.3% | +11.5% |
| 2001 | -0.4% | -107.1% |
| 2002 | -0.9% | +143.4% |
| 2003 | 2.7% | -397.6% |
| 2004 | 4.5% | +64.2% |
| 2005 | 5.0% | +11.9% |
| 2006 | 4.2% | -16.3% |
| 2007 | 2.6% | -39.0% |
| 2008 | -1.7% | -166.5% |
| 2009 | -10.6% | +521.5% |
| 2010 | 2.0% | -118.8% |
| 2011 | 3.8% | +89.1% |
| 2012 | 3.1% | -18.2% |
| 2013 | 2.2% | -29.4% |
| 2014 | 3.9% | +80.7% |
| 2015 | 3.8% | -3.6% |
| 2016 | 2.5% | -34.1% |
| 2017 | 3.8% | +54.2% |
| 2018 | 3.3% | -14.9% |
| 2019 | 2.7% | -16.7% |
| 2020 | -3.1% | -214.3% |
| 2021 | 5.2% | -265.4% |
| 2022 | 2.3% | -54.8% |
| 2023 | 2.8% | +19.1% |
| 2024 | 1.0% | -64.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.6% | -3.7% | 7.3% | 9 |
| 1980s | 3.3% | -2.9% | 7.3% | 10 |
| 1990s | 2.9% | -0.8% | 5.7% | 10 |
| 2000s | 1.1% | -10.6% | 5.3% | 10 |
| 2010s | 3.1% | 2.0% | 3.9% | 10 |
| 2020s | 1.6% | -3.1% | 5.2% | 5 |
Countries ranked near OECD members
More economy & growth data for OECD members
- Gross fixed capital formation 12.72 trillion constant 2015 US$ (2024)
- Exports of goods and services 20.50 trillion current US$ (2025)
- Exports of goods and services 16.50 trillion constant 2015 US$ (2025)
- Exports of goods and services 2.5% (2025)
- Exports of goods and services 28.3% (2025)
- Gross fixed capital formation 15.18 trillion current US$ (2024)
- Gross capital formation 15.34 trillion current US$ (2024)
- Gross capital formation 0.8% (2024)
- Gross capital formation 12.80 trillion constant 2015 US$ (2024)
- Gross national expenditure 56.77 trillion constant 2015 US$ (2024)
Frequently asked questions
- What is gross fixed capital formation in OECD members?
- Gross fixed capital formation in OECD members was 1.0% in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in OECD members?
- The highest recorded value was 7.3% in 1972.
- What is the lowest gross fixed capital formation recorded in OECD members?
- The lowest recorded value was -10.6% in 2009.
- How does OECD members rank for gross fixed capital formation?
- OECD members ranks 26th out of 31 groups with data for 2024.
- Is gross fixed capital formation rising or falling in OECD members?
- Over the last ten years it is down 75.0%. The long-run trend across the full record is volatile.
- Where does this OECD members data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.